News - page 47

Finance & Economics

Jeremy Hunt Blames Brexit for Instability

British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.

Finance & Economics

Mario Centeno Says About Significance of European Job Market for EU Economy

Mario Centeno, a member of the Governing Council of the European Central Bank (ECB), told colleagues that it was highly likely that the consequences of excessive tightening for the European labor market could be rapid during the recovery of the economic system of the region.

Blockchain & Crypto

Itau Unibanco Offers Bitcoin Trading

Largest private lender in Brazil Itau Unibanco enters the crypto arena with bitcoin trading service.

Science & Technology

Carbfix Puts CO2 Into Stone to Mitigate Climate Change

Iceland-based startup Carbfix has developed a revolutionary technology that mixes CO2 with water and injects it into basalt rock for storage, thus, mitigating climate change.

Finance & Economics

Chinese Borrowers Reportedly Face Ban on Mobile Payments

Media reports that in China, millions of local consumers are faced with the problem of blocking access to mobile payment apps.

Science & Technology

Meta’s Chief Scientist Doubts Imminent Appearance of Artificial Super Intelligence

Yann LeCun, chief researcher at Meta and a pioneer of deep learning, believes that current artificial intelligence systems will have to go through a development path lasting several decades before these AI configurations will get some semblance of sentience, having a core in the form of the common sense, expanding their capabilities beyond the creative […]

Finance & Economics

Gold Prices Hit Record High, 2024 Anticipations Are Bullish

Spot gold prices rose to a new record high, expected to remain above $2,000 levels next year, as investors are looking for safe-haven assets.

Finance & Economics

Former CEO Sues Wells Fargo

The former CEO of Wells Fargo, Tim Sloan, filed a lawsuit against this financial institution demanding compensation, the amount of which is more than $34 million.

Blockchain & Crypto

Bitcoin Surges to $41K Amind Crypto Market Growth

On Monday morning, Bitcoin exceeded $41,000 for the first time in 19 months, as the crypto market grows on ETF expectations and bets on dovish Fed.

Fintech & Ecommerce

Credit Agricole Reportedly Considers Acquiring Stake in Worldline

The media reports that the French bank Credit Agricole is currently considering the possibility of acquiring a stake in a local payment processing company Worldline.

Finance & Economics

UAE Commits $30 Billion to Climate Finance

The UAE has announced investments of $30 billion to launch a financing mechanism aimed at forming a kind of base for creating a more transparent system for financing projects to combat climate change.

Finance & Economics

McKinsey Says About Absence of Signs of Recovery in Consumer Activity in China

Experts from the international consulting company McKinsey said that in the foreseeable future, Chinese consumers do not intend to spend large amounts of money on buying goods, which is why local companies should focus more on strategic planning within their business concepts to master the market, which remains huge, despite various problems.

Science & Technology

Apple Releases Security Updates

Apple has announced the release of security updates for its devices, among which are the iPhone, iPad, and Mac.

Fintech & Ecommerce

N26 to Offer Stock and ETF Trading Via Upvest API

A new investment product for stocks and ETF trading created by N26 in partnership with Upvest is expected to launch in the first half of 2024.

Articles

Binance: After the Exodus, the Laundry

Changpeng Zhao, the now ex-CEO of Binance, pleaded guilty to breaking sanctions and money laundering. Binance is set to pay $4.3 billion to settle the criminal charges, one of the largest penalties ever obtained by the US from a corporate defendant. Will Binance, US and otherwise, survive the courthouse trashing of its reputation? Will other […]

Science & Technology

Morgan Stanley Says Smartphone Sales to Rebound Due to AI

Analysts at Goldman Sachs and Morgan Stanley predict that sales volumes will recover in the smartphone market next year, despite numerous warnings that the current downturn in this commercial space will be long-term and so far has no signs of ending soon.